Nuveen New York AMT-Free Quality Municipal Income Fund Plans Monthly Dividend of $0.07 (NYSE:NRK)

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.069 per share by the financial services provider on Thursday, May 1st. This represents a $0.83 dividend on an annualized basis and a yield of 7.97%. The ex-dividend date of this dividend is Tuesday, April 15th.

Nuveen New York AMT-Free Quality Municipal Income Fund has raised its dividend payment by an average of 8.3% annually over the last three years.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Performance

Shares of NYSE:NRK traded up $0.02 on Thursday, reaching $10.39. 250,040 shares of the company’s stock were exchanged, compared to its average volume of 181,463. Nuveen New York AMT-Free Quality Municipal Income Fund has a twelve month low of $10.17 and a twelve month high of $11.36. The company has a fifty day moving average of $10.53 and a 200-day moving average of $10.74.

About Nuveen New York AMT-Free Quality Municipal Income Fund

Nuveen New York AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better and having an average maturity of 15.98 years.